Rancho Carrillo

This project was constructed to satisfy Continental Homes (later DR Horton) inclusionary requirements of the City of Carlsbad for the 1116 market rate single family home community of Rancho Carrillo.

Project challenges included: meeting/exceeding timelines to obtain layered tax exempt bond financing; begin construction and complete construction linked to phases the market rate building permits were released by City

Unit amenities include fully equipped kitchen with range/oven, refrigerator, garbage disposal, and microwave. Low and No VOC paints, glues and adhesives were utilized throughout the project to better protect the environment and residents.

A large community room and swimming pool were constructed for the enjoyment of the residents.

Location - Carlsbad, CA

Total Project Costs - $12 million

Number of Units - 116

Start Date - August 1998

Completion Date - June 2000

On Schedule? - Yes

Architect - R+SDA

Engineer - Rick Engineering

Other Financing - City of Carlsbad

Tax Credit Investor - Boston Capital

Contact info

DBR Development LLC

We are a real estate development firm that specializes in the creation of affordable workforce and senior housing.
By utilizing creative financing structures we have access to federal, state and local municipal subsidies that are critical to bringing affordable housing to fruition.